The utility-scale energy storage market will exceed US$2.5 billion in revenue by the year 2023, according to forecasting by Navigant Research, the research arm of consultancy Navigant.
In a continued effort to return its Energy and Environmental Solutions (EES) division to breakeven, despite two-years of downsizing and restructuring, Applied Materials said it had reduced EES spending per quarter to US$25 million.
Tier one PV manufacturer, Trina Solar, is acquiring a majority shareholding in Hubei Hongyuan PV Science and Technology, a solar cell producer in China.
Insolvent German PV project developer, S.A.G. Solarstrom, has said it is seeking new investors as part of its restructuring plan will officially open insolvency proceedings on 1 March 2014.
Major PV energy provider (PVEP), SunPower Corp, has revealed it is prepping plans for its next-generation ‘Fab 5’ manufacturing facility that would be on a larger scale than existing facilities.
The latest draft guidelines on state aid by the European Commission have drawn criticism from the European Photovoltaic Industry Association (EPIA), claiming they could “constrain member states' capabilities to reach their 2020 binding renewable targets".
